AVISTA CORPORATION AVA Cash Flow

Avista corporation (AVA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities:
Net income
48,424	50,776	5,090	25,016	115,881	45,869	10,129	25,644	54,956	27,615	4,458	21,722	62,137	40,103	12,261	27,287	57,665	38,538	13,043	25,274	46,462	32,243	10,471	100,582	48,981	31,532	11,931	25,730	43,101	16,093	5,962	18,532	38,213	25,971	11,637	23,528	42,403	26,250	13,334	26,047	29,317
Non-cash items included in net income:
Depreciation and amortization
51,421	51,051	50,186	55,634	49,123	47,580	47,154	46,761	45,823	44,852	44,013	43,706	43,084	42,511	41,343	40,780	40,291	38,313	37,391	36,752	35,379	35,438	34,356	33,961	34,582	34,396	33,903	33,272	31,618	33,109	31,646	31,325	30,322	29,327	28,305	28,249	27,719	28,434	26,650	26,396	26,146
Provision for deferred income taxes
-6,765	4,879	4,642	-3,306	8,883	-2,005	11,847	3,777	-5,049	11,415	22,073	18,555	17,614	37,297	30,594	22,622	34,030	39,420	6,220	6,243	-82	32,934	87,174	22,708	1,453	7,020	17,916	-2,524	1,120	3,069	11,858	6,825	-303	-6,776	25,625	4,192	966	27,244	2,150	4,185	4,155
Power and natural gas cost amortizations (deferrals), net
6,380	-82	1,881	368	-48,084	3,948	-386	6,629	72	3,325	2,050	3,275	3,091	5,413	1,464	4,579	5,379	11,354	-1,410	3,218	8,196	3,135	-7,924	-1,991	-8,041	741	-9,719	-2,975	2,545	-3,716	1,596	4,724	4,098	12,400	5,321	199	3,950	7,009	-870	-9,592	-6,342
Amortization of debt expense
653	672	670	669	669	640	692	820	815	814	813	814	813	882	853	866	876	875	877	879	895	893	910	936	953	972	946	948	947	927	950	961	965	1,431	969	981	1,236	1,200	1,033	1,130	1,051
Amortization of investment in exchange power
0	0	408	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	612	613	-	-	-	-	-	-	-	-
Stock-based compensation expense
872	2,402	1,942	2,164	4,845	152	1,337	1,915	1,963	1,550	3,166	1,811	832	1,630	2,025	1,923	2,313	1,651	1,822	1,734	1,707	1,853	1,423	3,287	1,551	1,500	1,638	1,616	1,464	1,253	1,381	1,540	1,618	-	-	-	-	-	-	-	-
Equity-related AFUDC
1,599	1,564	1,768	1,768	1,485	2,148	1,561	1,453	1,392	1,657	1,720	1,642	1,650	2,169	1,938	2,107	2,261	2,440	2,017	1,659	2,215	2,382	2,189	2,203	2,034	1,725	1,595	1,355	1,391	1,180	1,127	905	843	570	420	393	842	1,917	552	474	410
Pension and other postretirement benefit expense
7,952	9,278	9,099	8,956	9,084	8,037	7,955	7,855	8,170	9,258	9,277	9,191	9,348	9,710	9,761	9,840	9,475	8,871	9,393	9,569	9,217	5,562	5,796	4,170	7,415	10,173	10,416	10,529	10,949	10,053	10,027	10,031	9,727	-	-	-	-	-	-	-	-
Amortization of Spokane Energy contract
-	-	-	-	-	-	-	-	-	-	-	-	-	3,790	3,712	3,634	3,558	3,485	3,411	3,341	3,271	3,203	3,136	3,071	3,007	2,944	2,883	2,823	2,764	2,706	2,650	2,595	2,541	-	-	-	-	-	-	-	-
Other regulatory assets and liabilities and deferred debits and credits
-11,902	1,806	-749	-106	-1,016	-6,559	370	-19,196	-2,127	-3,539	3,852	1,953	6,878	6,030	7,046	6,042	7,127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in decoupling regulatory deferral
-4,155	-1,213	6,096	9,915	-4,471	6,724	-3,210	3,477	-5,703	-3,986	-9,828	4,492	-14,857	5,096	-94	13,331	11,456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investments
3,242	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
5,112	-8,431	-1,191	-1,961	-1,943	-2,848	1,854	-1,670	3,778	2,050	-610	536	-116	505	20	5,041	-9	-4,946	2,832	4,674	-3,077	-13,465	5,790	4,566	4,212	6,093	2,996	2,775	1,118	-3,655	4,840	4,222	-151	-37,946	11,205	9,103	12,650	34,159	-10,768	-38,329	12,573
Contributions to defined benefit pension plan
7,300	0	7,400	7,300	7,300	0	7,400	7,300	7,300	0	7,200	7,400	7,400	0	4,000	4,000	4,000	0	4,000	4,000	4,000	0	10,500	10,500	11,000	263	73,340	-14,670	-14,670	88,000	-14,600	-14,700	-14,700	-52,000	8,750	8,750	8,500	-42,000	7,000	7,000	7,000
Changes in certain current assets and liabilities:
Accounts and notes receivable
-6,078	58,920	-6,783	-57,558	9,787	60,404	-10,035	-49,880	-15,963	61,804	-7,159	-46,043	668	70,896	-3,664	-31,698	-18,364	60,062	-24,064	-22,796	-2,664	81,186	-5,675	-41,829	-17,257	18,006	-7,238	-41,011	-2,432	53,006	-5,387	-39,640	-16,079	45,669	-10,549	-53,231	-12,505	70,025	-5,714	-34,886	-10,344
Materials and supplies, fuel stock and natural gas stored
-9,901	-1,150	73	6,831	394	1,116	5,865	7,641	-8,815	-7,886	4,774	14,008	-6,129	-4,766	6,442	7,753	-10,263	-5,587	8,863	7,087	-22,571	-42,373	18,488	16,632	-12,141	-6,879	11,521	15,004	-17,137	-3,610	-72	14,783	-15,652	-12,872	17,195	9,287	-10,222	-7,898	2,967	21,781	-5,602
Collateral posted for derivative instruments
14,283	796	-17,418	-43,920	-3,432	51,278	-3,070	-25,698	-18,382	20,498	-3,564	2,840	2,620	-30,466	-63,745	40,628	42,871	3,384	9,009	-17,608	18,516	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (Increase) in Collateral Posted for Derivative Instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,756	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes receivable
-10,500	-	-	-	0	-	-	-	-	-57,668	16,711	1,649	-14,106	8,701	23,772	12,660	-11,210	23,494	-315	380	-43,331	-36,755	8,428	0	-7,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
4,901	-	-	-	19,360	-	-	-	15,432	-	-	-	0	-	-	-	-	-	-897	-19,107	20,162	-	-90,732	78,205	19,412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
2,166	-7,766	2,640	10,488	-1,705	-1,282	7,703	-4,305	473	2,090	-3,809	3,709	116	-4,579	4,050	330	4,106	1,070	-799	-2,138	-471	-5,231	3,387	-3,779	-1,494	-20,557	11,800	-2,923	14,288	2,247	8,485	5,571	-21,265	-4,286	30,314	8,362	-10,509	22,976	3,773	-4,920	-12,599
Accounts payable
-19,527	15,837	11,027	-36,090	16,697	15,922	5,250	355	-21,997	21,830	-557	-9,196	-20,239	22,382	14,278	-680	-30,804	24,240	-5,982	4,149	-30,545	9,888	11,575	-22,960	-11,065	15,367	3,350	-6,328	-20,778	40,972	-7,327	12,656	-16,112	-6,038	27,040	-22,360	-16,674	23,670	21,912	-22,802	-9,174
Other current liabilities
21,905	-5,995	10,418	-35,717	30,095	-10,009	11,199	-39,934	38,374	-7,566	12,411	-20,565	16,778	-7,605	14,954	-12,555	15,752	-11,711	9,410	-14,444	10,274	4,857	13,456	9,331	4,416	-2,139	12,056	-41,788	40,698	-11,751	12,248	-19,286	12,315	-10,165	13,000	-10,141	7,118	-2,162	20,500	-15,342	2,193
Net cash provided by operating activities
135,274	57,721	87,820	55,790	196,881	-3,910	90,370	90,650	184,775	102,785	78,987	78,811	149,715	104,149	98,167	48,796	107,155	64,396	79,132	85,334	146,778	1,554	41,726	67,090	156,898	40,155	46,607	50,416	105,379	59,145	57,691	78,418	121,299	29,041	76,972	60,190	103,262	26,728	86,899	33,756	81,054
Investing Activities:
Utility property capital expenditures (excluding equity-related AFUDC)
95,525	121,546	120,976	106,373	93,615	128,134	113,084	101,315	81,817	124,486	110,139	90,951	86,763	118,572	105,257	93,937	88,878	120,624	95,049	96,155	81,597	95,752	93,250	76,789	59,725	73,651	75,368	74,699	70,645	92,747	57,964	62,705	57,771	70,184	70,716	49,228	49,654	64,144	57,798	37,733	42,552
Other capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	-	348	92	412	111	194	2,193	3,929	7,025	381	525	819	879	1,642	1,122	1,144	860	1,130	1,126	474	1,129	350	485	465
Federal and state grant payments received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	462	853	876	6,040	-334	-730	-1,567	-2,375	-1,419	-1,628	-2,855	-30,326	6,574	11,177	-4,353	-	-	-	-
Issuance of notes receivable by subsidiaries
2,779	1,267	5,136	700	200	625	150	1,780	1,000	900	300	2,100	400	376	50	8,592	1,076	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of notes receivable at subsidiaries
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity and property investments made by subsidiaries
1,313	3,477	3,407	3,120	3,504	4,654	1,198	3,760	3,671	2,781	552	7,720	2,627	4,356	1,753	5,630	1,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments made by subsidiaries
5,148	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions received from investments
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received (paid) in acquisition, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	50,310	31,210	0	0	199	-	-	-	-
Increase in funds held for clients
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	9,585	9,346	9,908	-1,048	-7,859	-2,816	-2,788	-6,825	-19,433	35,857	-35,240	-9,882	14,196	-47,635	32,529	13,178	604	2,584
Purchase of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,000	6,993	24,956	11,531	23,993	28,389	36,461	-	-	-	-	-	-	-	-
Sale and maturity of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,209	11,403	6,005	1,825	8,130	7,000	34,454	32,053	44,492	27,000	-	-	-	-	-	-	-	-
Other
662	-1,094	763	-1,417	345	-668	350	-1,304	866	1,670	3,686	-1,109	137	-791	1,269	6,930	223	6,653	-906	94	-1,834	-3,349	719	499	-24	-5,142	2,112	2,720	1,649	63	3,254	1,530	2,628	1,831	1,043	2,059	1,502	2,184	502	-939	1,733
Net cash used in investing activities
-95,131	-125,196	-130,282	-92,369	-97,664	-132,745	-114,782	-105,551	-87,354	-131,752	-112,762	-99,662	-89,927	-117,513	-108,329	-114,970	-91,654	-116,725	-95,513	-95,414	-80,175	-96,977	-73,997	127,935	-60,697	-78,659	-78,654	-68,218	-86,686	-65,603	-46,556	-28,193	-154,316	-114,570	-103,732	-64,138	159	-100,812	-67,194	-37,883	-47,334
Financing Activities:
Net decrease in short-term borrowings
-800	-21,200	38,000	50,000	-71,000	155,001	35,000	-50,000	-55,398	-90,000	59,000	31,000	-15,000	-67,000	27,000	70,000	-15,000	-25,000	40,000	25,000	-40,000	70,000	-116,500	40,500	-60,000	105,000	-29,500	43,000	500	-30,000	-9,000	54,000	-24,000	-35,500	21,500	10,000	-45,000	11,000	10,000	-15,000	17,000
Borrowings from Ecova line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,000	5,000	3,000	0	25,000	-	-	-	-	0	0	1,300	1,000
Repayment of borrowings from Ecova line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	42,000	4,000	4,000	2,000	2,000	3,000	9,000	5,000	0	0	-	-	-	-	0	2,900	3,700	1,400
Maturity of long-term debt and capital leases
700	90,665	665	665	665	634	634	273,133	3,037	822	822	821	822	70,792	90,792	791	792	731	760	775	639	604	39,218	80	69	50,047	56	258	101	129	99	11,199	65	-	-	94	95	100,006	10,091	86	59
Maturity of nonrecourse long-term debt of Spokane Energy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,431	4,235	4,146	4,060	3,966	3,850	3,786	3,707	3,622	3,516	3,459	3,387	3,307	3,205	3,154	3,088	3,016	2,923	2,877	2,818	2,752
Long-term debt and short-term borrowing issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	97	33	2,115	14	45	2,303	658	196	29	33
Issuance of common stock
175	21,701	27,970	14,739	190	-17	-3	995	232	54,890	243	932	315	197	19,583	20,023	27,150	163	317	709	371	635	1,445	1,342	638	130	1,462	1,868	1,149	380	25,124	2,138	1,437	5,247	5,338	7,420	8,458	11,558	25,167	9,136	374
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,920	18,893	60,963	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
27,389	26,000	25,619	25,538	25,615	24,477	24,468	24,467	24,634	23,240	23,027	23,026	23,167	21,982	21,905	21,722	21,545	20,569	20,560	20,551	20,717	19,762	20,225	19,110	19,217	18,313	18,296	18,283	18,384	17,337	17,114	17,028	17,073	16,052	15,956	15,949	15,780	14,297	13,850	13,782	13,753
Increase in client fund obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	18,205	-1,989	3,903	1,155	-9,179	15,399	-25,776	-14,984	-35,405	45,169	13,804	37,417	14,196	-47,635	-	-	-	-
Payments to Noncontrolling Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-917	133	650	134	0	125	415	5,639	-	-	-	-
Issuance of subsidiary noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,714	-	-	-	-	-	-	-	-
Increase in customer fund obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,178	604	2,584
Other
-2,406	-892	-1	-613	-896	268	354	-4,055	-4,483	-405	-313	-3	-3,442	-636	-162	-581	-3,031	-364	-9,544	-142	-1,329	5,034	-698	3,023	0	-3,724	-364	-326	99	1,968	113	663	350	2	513	2	13	-43	38	0	-113
Net cash used in financing activities
-31,120	62,917	39,685	37,923	-97,986	130,141	10,249	23,961	-87,320	30,423	35,081	8,082	-42,116	14,787	3,724	66,929	-13,218	53,499	9,453	4,241	-66,665	107,175	-165,305	-77,230	-88,603	29,099	38,615	14,016	-4,960	-1,030	-21,599	-29,512	31,058	82,088	34,947	12,027	-110,997	86,815	-1,553	3,054	-31,152
Cash And Cash Equivalents Period Increase (Decrease) Including Cash Held for Sale
-	-	-	-	-	-	-	-	10,101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents for cash classified within assets held for sale
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
9,023	-4,558	-2,777	1,344	1,231	-6,514	-14,163	9,060	10,101	1,456	1,306	-12,769	17,672	1,423	-6,438	755	2,283	1,170	-6,928	-5,839	-62	11,752	-197,576	117,795	7,598	-9,405	6,568	-3,786	13,733	-7,488	-10,464	20,713	-1,959	-3,441	8,187	8,079	-7,576	12,731	18,152	-1,073	2,568
Supplemental Cash Flow Information:
Cash paid (received) during the year:
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,778	8,673	29,569	7,391	31,413	7,210	29,597	6,680	27,501	7,120	28,029	6,433	29,210	8,332	28,578	8,075
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,250	4,517	27,676	1,329	-4,458	310	10,895	1,322	1,945	1,856	20,450	2,200	2,992	6,089	5,208	-136
Non-cash financing and investing activities:
Accounts payable for capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,410	1,453	-1,870	4,730	17,775	-825	1,704	2,677	17,987	-1,576	255	3,963	2,036	3,533	-735	3,481
Utility property acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,300
Valuation adjustment for redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,458	315	61	2,870	-1,830	-5,243	-4,795	1,764	-1,088	-1,607	9,183	-2,429	2,984	4,635	-1,756	4,579